The economics of pensions and variable retirement schemes
By: Oliver Fabel.
Series: Series in financial economics and quantitative analysis
Publisher: J. Wiley & Sons
Published: 1994
Place of publication: Chichester, England; New York
Language: eng
Number of pages: 211
Subjects: Pensions.; Old age pensions.; Retirement income.
Description: "Public old-age insurance schemes in industrialized countries are facing serious financing problems as demographics have changed, retirement ages have decreased and benefits have increased. This book surveys the theoretical, empirical and political issues involved in explaining the evolution of such systems and their reforms, and presents a microeconomic analysis of the determinants of individual retirement decisions when consumers face flexible retirement schemes. A model of induced retirement behaviour (assuming actuarially fair benefit adjustments) is developed and analysed in detail. This model is then used in the analysis of consumer groups exhibiting different characteristics relevant to their retirement decisions."--Back cover.
Notes: Includes bibliographical references (p. [189]-206) and index.